Share this page!

SteelOrbis Profile picture
Twitter logo
Mar 14 • 3 tweets • 2 min read
Brazilian high-grade iron ore price increases

The price of Brazilian high-grade #ironore exports, 65 percent iron contents, is $149/mt today, against $144/mt on March 10, CFR China conditions.⏬
The price is the highest since mid-June 2022, reflecting the confirmation that the operation pace of blast furnaces in China, in relation to their nameplate capacities, has reached 88.03 percent last week, after having increased for nine consecutive weeks.⏬
Such recovery of operations is attributed to the possibility that #steel producers could achieve higher margins, due to higher #steelprices in the international markets.

Full story 🔗 bit.ly/40agVTb

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with SteelOrbis

SteelOrbis Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SteelOrbis

SteelOrbis Profile picture
Mar 14
US flat rolled #steel prices spike week-over-week, but how long will it last?

Sources close to #SteelOrbis have confirmed that domestic flat rolled #steelprices have continued to spike in the past 7 days.

The big question relates to how long this uptrend will last.⏬
One source was quick to point out that overall steel demand is lower than it was in 2019. Auto production has not returned to 2019 levels, he said, adding that nonresidential construction is still more than 25% lower that it was in 2019.⏬
“If there was enough steel in 2019, there should be enough now,” he said. “[These increases aren’t because of] demand, it’s because capacity is offline.”

Not only is the domestic capacity utilization rate still hovering below 75%,⏬
Read 4 tweets
SteelOrbis Profile picture
Mar 13
Global View on HRC: Prices keep rising gradually, outlook still positive

Prices for hot rolled coils (#HRC) in the major markets have continued to increase, though at a slower pace than recorded in previous weeks. While demand has not improved much in Asia,⏬
most major global HRC suppliers have been counting on a sales expansion to higher-priced destinations. Thus, the import trade has remained rather active in Turkey, with several large lots reported to have been sold from Russia and China.⏬
European buyers, however, have been rather cautions this week, having booked only limited volumes from Asia, while local #HRCprices have kept rising in the EU.⏬
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(